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Silver Price in 2004

The silver price rose 14.2% in 2004, from $5.97 at the end of 2003 to $6.82. Its highest close was $8.29 on Apr 2, and its lowest $5.50 on May 10. The biggest one-day fall was −10.6% on Apr 29 and the biggest rise +6.8% on Apr 30. Adjusted for inflation, it gained 10.6%.

Daily COMEX prices, the year in 12 currencies and festival prices: Silver Price in 2004 →

Change in 2004
+14.2%
$5.97 → $6.82
High
$8.29
Apr 2
Low
$5.50
May 10
After inflation
+10.6%
US CPI
Up days
126 of 254
longest run 4 up, 7 down
Below record
-86.2%
at the end of 2004

Silver Price, daily closes 2004

Numbers mark the events below
$6$7$8JanFebMarAprMayJunJulAugSepOctNovDec1Mar 8: European central banks sign a second Central Bank Gold Agreement.2Mar 31: Back above its pre-bear-market peak of $7.81 (February 6, 1998). Back above its pre-bear-market peak of $7.82 (July 20, 1988).3Apr 21: Enters a bear market: 20% below its peak of $8.29 (April 2, 2004).4Apr 29: Biggest one-day fall of the year: −10.6%.5Apr 30: Biggest one-day rise of the year: +6.8%.6May 10: Bear market low: $5.50, 33.7% below the peak.7Nov 18: streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE.

Key Events in 2004

What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.

  1. 1
    Monday, March 8
    European central banks sign a second Central Bank Gold Agreement. Source
    Silver: +1.8% that day · +20.6% a month later
  2. 2
    Wednesday, March 31 From the data
    Back above its pre-bear-market peak of $7.81 (February 6, 1998). Back above its pre-bear-market peak of $7.82 (July 20, 1988).
  3. 3
    Wednesday, April 21 From the data
    Enters a bear market: 20% below its peak of $8.29 (April 2, 2004).
  4. 4
    Thursday, April 29 From the data
    Biggest one-day fall of the year: −10.6%.
  5. 5
    Friday, April 30 From the data
    Biggest one-day rise of the year: +6.8%.
  6. 6
    Monday, May 10 From the data
    Bear market low: $5.50, 33.7% below the peak.
  7. 7
    Thursday, November 18
    streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE. Source
    Silver: +0.5% that day · −10.9% a month later

Biggest days of 2004

Best daysWorst days
Apr 30+6.8%Apr 29−10.6%
Jan 12+6.4%Apr 14−8.9%
Oct 6+6.1%Apr 21−8.8%
Jan 6+5.0%Dec 9−7.8%
Jul 9+4.8%Feb 26−5.9%

Volatility: 38.1% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$6.23+4.4%$6.65$5.98
Feb$6.58+5.6%$6.82$6.08
Mar$7.83+19.0%$7.83$6.60
Apr$5.95−24.0%$8.29$5.57
May$6.17+3.7%$6.17$5.50
Jun$5.91−4.2%$6.18$5.63
Jul$6.42+8.6%$6.71$5.88
Aug$6.74+5.0%$6.82$6.48
Sep$6.67−1.0%$6.76$6.13
Oct$7.16+7.3%$7.44$6.74
Nov$7.76+8.4%$7.76$7.05
Dec$6.82−12.1%$8.04$6.69

Other Markets in 2004

Change over the calendar year.

MarketChangeYear-end
Silver Price+14.2%$6.82
Dow Jones Industrial Average in 2004+3.1%10,783.01
S&P 500 in 2004+9.0%1,211.92
Nasdaq Composite in 2004+8.6%2,175.44
Russell 2000 in 2004+17.0%651.57
Nikkei 225 in 2004+7.6%11,488.76
Gold in 2004+4.6%$435.60
WTI crude oil in 2004+33.4%$43.36
Brent crude oil in 2004+33.3%$40.38
US 10-year Treasury yield in 2004−0.03 pp4.24%
2000200120022003200420052006200720082009

Silver Price in 2004: FAQ

How much did the silver price rise in 2004?

The silver price rose 14.2% in 2004, from $5.97 at the end of 2003 to $6.82. Its highest close was $8.29 on Apr 2, and its lowest $5.50 on May 10. The biggest one-day fall was −10.6% on Apr 29 and the biggest rise +6.8% on Apr 30. Adjusted for inflation, it gained 10.6%.

What were the highest and lowest closes of the silver price in 2004?

Highest: $8.29 on April 2, 2004. Lowest: $5.50 on May 10, 2004. It closed higher on 126 of 254 trading days.

What happened to the silver price on March 8, 2004?

European central banks sign a second Central Bank Gold Agreement. The silver price rose 1.8% that day, and was +20.6% a month later.

Data: London silver fix from 1968 to Jan 2018 (gaps filled with Perth Mint spot), COMEX silver futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.